5th May 2016 08:08
LONDON (Alliance News) - Impellam Group PLC on Thursday said it had a strong first quarter, boosted by the acquisitions of Global Group and Bartech, and as it managed to navigate the turmoil caused by the junior doctors strike in the UK.
Net fee income grew 27% in the quarter to the end of April, driven by the acquisitions, with organic growth at 7.5%. Temporary staffing and managed services both performed well in the quarter, Impellam said, offsetting slight weakness in permanent fees.
Impellam said the junior doctors strike against the National Health Service - still unresolved - hurt its UK healthcare business in the first quarter, but the division performed better than expected and looks set to outpace the company's forecasts for the full year.
Overall, Impellam said it remains on track to meet its expectations for the full year.
Impellam shares were up 2.2% to 807.25 pence Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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